BATBC to spend Tk 25cr on printers

British American Tobacco Bangladesh Company (BATBC) has decided to invest Tk 24.90 crore to purchase and install laser jet printers at 36 SMD packing lines in its factories in Dhaka and Savar.

The cigarette producer relayed its decision through a disclosure on the Dhaka Stock Exchange (DSE) yesterday.

The investment will be funded from internal sources and bank financing based on the cash flow of the company.

Out of Tk 24.90 crore, Tk 14.55 crore will be spent on buying printers. The remaining Tk 10.35 crore will be used for installation.

Yesterday, the company's stock price rose 0.32 percent to Tk 346.7 at the DSE.

The company's paid-up capital is Tk 540 crore and its reserve is around Tk 4,826 crore.

The company provided 300 percent cash dividend for its shareholders for 2024. Its earnings per share was Tk 32.42 at the end of 2024 compared to Tk 33.1 the previous year.